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Matching Gift Requests

It’s Never Too Late for Donors to Submit Matching Gift Requests

Are you just jumping on the matching gift bandwagon? Worried about having to build a program from the ground up with all new donations?

Fear not, many of your past donors are still eligible for matched gifts.

Matching gifts don’t have to be submitted immediately after the donation is made. Although, it is to your benefit to encourage your donors to make the request as soon as possible because:

  1. The farther from the donation a supporter gets, the less likely he will be to follow-up with a matched gift
  2. The sooner your nonprofit receives the extra funds, the sooner it can put those funds to good use

Matching gift deadlines vary by company, so there’s still time to promote matching gifts to donors who contributed to your organization this year.

Donors simply have to fill out and submit their employer’s matching gift request forms.

Matching gift deadlines typically fall under one of three types:

  1. Within a set number of months — A company will stipulate that it will match a gift up to, for example, 3, 6, or 12 months following the initial donation.
  2. By the end of the calendar year — This option is fairly straightforward.  Employees must submit for a match within the calendar year of the donation.
  3. By the end of the calendar year with an extended grace period — In this instance, a company will grant matched gifts through the end of the calendar year and then tack on an additional month or two for employees to submit their matching gift requests.  Standard extensions go through end of January, February, or March, but rarely go past the 31st of March.

To get a better understanding what the guidelines look like in practice, let’s look at some examples.

 

Deadline #1: Within a Set Number of Months

While most companies allow donations to be submitted far after the date a donation was made, deadlines do vary. Some major companies have much more time sensitive deadlines for their matching gift programs.

Here are four companies with matching gift submission deadlines ranging from 30 days to 365 days from the donation date:

 

Adobe

Adobe Matching GiftsAdobe offers a matching gift program wherein the company matches donations up to $10,000 per employee per year. Employees are also able to submit grant requests for $250 for every 10 hours they volunteer with a nonprofit.

The company offers an easy to use online portal for employees to submit their matching gift requests and to log their volunteer hours.

Match request deadline: All matching gift requests must be submitted by employees within one year of the donation date.

Click here for additional details on Adobe’s matching gift program.

 

DirectTV

DirectTV matches donations of up to $20,000 per DIRECTV Matching Giftsemployee per a year and provides grants of $10 per hour (max $250) volunteered by an employee. DirectTV has an easy to use online submission process for both programs.

Match request deadline: All matching gift requests must be submitted by employees within six months of the donation date.

Click here for additional details on DirecTV’s matching gift program.

 

AltriaAltria Matches Donations from Employees

Altria offers a generous matching gift program (up to 30K annually per Altria employee) as well as large volunteer grants ($500 after 25 hours of volunteering).

Match request deadline: All matching gift requests must be received by Altria’s program administrator within 90 days from the date of the gift.

Click here for additional details on Altria’s matching gift program.

 

Fannie Mae

Fannie Mae's Matching Gift Program

Fannie Mae matches employee donations up to $5,000 annually and offers grants when employees volunteer. Unfortunately some organizations miss out on this funding since they aren’t ensuring donors submit matching gift requests in a timely manner.

Match request deadline: Fannie Mae donors and volunteers must submit a matching gift request within 30 days of the date of the donation, or by December 31st of each year, whichever is sooner.

Click here for additional details on Fannie Mae’s matching gift program.

 

Deadline #2: End of Calendar Year

Many companies ask that employees submit their match requests in a timely manner but will still match donations made in a calendar year until December 31st of that year.

Here are a few examples:

Aetna

Aetna Matching Gift ProgramAetna matches donations from employees and retirees up to $5,000 per individual per year. Aetna also enables employees to allocate a $300 grant to a nonprofit after they volunteer for 20 hours in year.

Match request deadline: Employees are encouraged to submit the matching gift request as soon as possible, but have until December 31st to submit their matching gift requests.

Click here for additional details on Aetna’s matching gift program.

 

Freeport-McMoRan

Freeport McMoRan Matching GiftsFreeport-McMoRan matches donations of up to $40,000 per employee per year to a wide range of nonprofits. The first $1,000 donated is matched at a 2:1 rate. Anything above $1,000 is matched at a dollar for dollar rate.

Match request deadline: While Freeport-McMoRan encourages employees to submit matching donation requests at the time of the initial donation, employees can submit matches until Dec. 31st of the year following the date of the donation.

Click here for additional details on Freeport-McMoRan’s matching gift program.

 

Deadline #3: End of Calendar Year + Grace Period

Matching Gift Deadlines with Grace Periods

Boeing

Boeing offers a monetary match, a volunteer grant match, and a grant when employees participate in a fundraising event such as a walk or run for a cause. The deadlines for all three of Boeing’s employee giving programs are as follows:

Employee deadline: Boeing employees must submit gift match requests no later than January 31st of the year following the contribution / participation.

Nonprofit deadline: Organizations must verify the employee submission request no later than April 15th of the year following the contribution / participation.

Click here for additional details on Boeing’s matching gift program.

 

VerizonVerizon Matches Donations from Employees

Verizon matches donations up to $5,000 annually to educational institutions and up to $1,000 annually to all other nonprofits.

The Verizon Foundation also provides grants of $750 to organizations where an employee volunteers for at least 50 hours in a calendar year.

Employee deadline: Matching gift requests must be entered into the electronic matching gift system before March 31st of the year following the date of the donation.

Organization deadline: Organizations must also confirm the donation request by March 31st.

Click here for additional details on Verizon’s matching gift program.

 

Bank of America / Merrill LynchBank of America Matches Donations

Bank of America (including Merrill Lynch) matches employee donations to nearly all nonprofits. The company also provides grants when employees volunteer on a regular basis.

Employee deadline: Employees must complete an application and have the recipient organization verify the gift. This information must be received by March 31st of the year following the date of the donation.

Organization deadline: Organizations must verify donations by May 15th of the year following the date of the donation.

Click here for additional details on Bank of America’s matching gift program.

 

MeadWestvacoMeadWestVaco Match Donations

MeadWestvaco offers multiple types of employee giving programs.

MeadWestvaco matches all donations to educational institutions, provides grants when employees volunteer, and matches donations to all organizations when employees are volunteer leaders with the organization.

Employee deadline: MeadWestvaco employees must submit their portion of the matching gift request form by March 31st of the year following when the donation was made.

Organization deadline: Organizations also have until March 31st of the year following when the donation was made to verify the donation and submit the completed match request.

Click here for additional details on MeadWestvaco’s matching gift program.

Washington DC Matching GIfts

Washington, DC Companies which Match Employee Donation

As the nation’s capital, Washington D.C. has a large variety of non-profits and corporate offices. Consequently, there are numerous opportunities for non-profits to take advantage of matching gift programs and volunteer grants.

Statistics on DC Matching Gift Companies

From a non-profit’s standpoint, DC is one of the best cities to headquarter. The presence of the Federal government allows for major funding opportunities for a variety of organizations.

  • There are over 4,100 non-profits in the DC area, a number that continues to grow each year
  • According to National Center for Charitable Statistics, non-profits in the metropolitan area bring in over fifteen billion dollars annually from private donations and government grants

Companies in DC with Matching Gift Programs

There are a number of Fortune 500 companies with offices in the District that offer matching gift programs.

Fannie Mae

fannie-mae-matching-gifts

Fannie Mae, the financial services company, is one of the largest employers in the District that offers a matching gift program. They provide up to $2,500 in matching gift funds for all non-profits for part-time employees, full-time employees, and spouses.

Additionally, they provide volunteer grants up to $500 for 100 hours of volunteer service, which sets it apart from other corporations.

Learn more about Fannie Mae’s employee giving programs.

Verizon

verizon-matching-gifts-program

Verizon is another large company in the DC area. They offer a matching gift program that provides up to $5,000 for any education-related non-profit and up to $1,000 for other types of non-profits. The matching gift program is available to all current and former employees.

Verizon also offers volunteer grants of up to $750 for employees who volunteer for a total of 50 hours.

Learn more about Verizon’s employee giving programs.

Booz Allen Hamilton Consulting

booz-allen-hamilton-matching-gifts-program

Booz Allen is another company headquartered in DC. They do not donate matching funds like similar companies in the area, but instead give larger volunteer grants when Booz Allen Hamilton employees volunteer. For 40 hours of employee volunteerism they will give $500, and for 80 hours of volunteer service a nonprofit can receive $1,000.

Learn more about Booz Allen Hamilton’s volunteer grant program.

Graham Holdings Company (Washington Post/Kaplan)washington-post-matching-gifts

Graham Holdings Company supports wide variety of charitable organizations, specifically organizations related to:

  • Civic and Community Services
  • Health and Human Services
  • Education
  • Culture and Art

Graham Holdings has a matching gift program in place, which will match a minimum of $25 and a maximum of $2,000 per employee per year. The company matches at a 1:1 ratio for nonprofits and a 2:1 ratio for educational institutions and organizations where employees are regular volunteers.

Learn more about Graham Holdings Company’s employee giving programs.

GEICO

geico-matching-giftsGEICO, one of the largest companies located in the Washington, DC region, has a matching gift program in which the company will match a minimum of $25 and a maximum of $500 per employee per year at a 1:1 ratio. The company will match up to $5,000 per employee per year at a 2:1 ratio when they donate to educational institutions.

Learn more about GEICO’s matching gift program.

Additional DC Matching Gift Companies

These are only a handful of the companies within the DC area that offer matching gift grants. There are many more to choose from with different matching gift and volunteer grant opportunities. So please, share this with your offices and coworkers to achieve the most amount of money for your non-profit of choice or take a tour of Double the Donation’s matching gift and volunteer grant service!